TAX SEASON 2024
When will my refund arrive if I filed my taxes on February 2?
If you filed your taxes electronically and opted for direct deposit, you will likely receive your refund faster than if you chose to receive a paper check.
Some taxpayers may have already filed their tax returns for this year and are eagerly anticipating the arrival of a refund. It would have entered the queue for processing early, especially if using the IRS’s preferred method of digital filing.
If the tax return you filed online is error-free and you choose the direct deposit option, you should expect to receive your refund within 21 days. If there are no problems, you should get your payment by 5 March, 2024 at the latest. This takes into account five weekends and the President’s Day holiday which are all not business days.
For those who opt to file a paper return, the IRS advises that if you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date the IRS receives your return.
Several factors can affect the speed of your refund. Complications such as errors in your return, incomplete information, or claiming certain tax credits may trigger additional review and delay the process. Furthermore, if you chose to receive your refund via a paper check instead of direct deposit, it might take additional time for mail delivery.
Checking the status of your refund
You can use the “Where’s My Refund?” tool on the IRS website or the IRS2Go mobile app. These resources provide real-time updates on the processing status of your return and the estimated date of your refund.